It remains the cheapest power source in the world — less than $3 per MMbtu and falling, while natural gas appears to have permanently breached that level. Natural gas currently trades for about $10/mmbtu in Europe and $15/mmbtu in Asia.

Meanwhile, nuclear costs several thousand dollars per KW of installed capacity versus closer to $1,000/KW for the other two fuels, according to David Dismukes, Associate Director of the Center for Energy Studies at Louisiana State University.

As it turns out, Europe gets much of it from the U.S., where transporting coal is much more cost efficient. Coal remains the lifeblood of our railroads.

And we're looking to start shipping our coal to China.

We put together a presentation showing why the pronounced death of coal is extremely premature.